Иосиф Сталин
Member
- Joined
- May 1, 2011
- Messages
- 218
- Reaction score
- 59
- Location
- Columbus, GA
- Gender
- Male
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- Other
It's just government give away to the new aristocracy. There's no reason why the marginal tax rate for the individual should turn over and decrease at high enough income. Which it does thanks to nice little loopholes. It's not creating jobs and we already have some of the lowest corporate taxes of the industrialized world (some pay almost nothing). So there's no real point other than to let the super rich keep more of their money while bilking it from others. And then using that money to give to the corporations of these very rich people. Subsidizing and handouts from the public coffers so that the rich not only stay rich, but get richer.
People complain about the "wealth redistribution" plans of the democrats a lot; but don't question their own endorsement of wealth redistribution. It just goes the opposite way; but it's the same use of government to redistribute wealth amongst the population.
Иосиф Сталин;1059708935 said:Sorry, I did this the wrong way.
I'll be posting it right. Just give me a sec.
It's just government give away to the new aristocracy. There's no reason why the marginal tax rate for the individual should turn over and decrease at high enough income. Which it does thanks to nice little loopholes. It's not creating jobs and we already have some of the lowest corporate taxes of the industrialized world (some pay almost nothing). So there's no real point other than to let the super rich keep more of their money while bilking it from others. And then using that money to give to the corporations of these very rich people. Subsidizing and handouts from the public coffers so that the rich not only stay rich, but get richer.
People complain about the "wealth redistribution" plans of the democrats a lot; but don't question their own endorsement of wealth redistribution. It just goes the opposite way; but it's the same use of government to redistribute wealth amongst the population.
Probably the same thing that that same tax cut for every other tax bracket served...a little stability and encouragement in the private sector.
I hope someone can clear this up for me .. I am wondering why people think some wealthy investors get paranoid and pull their purse strings tight when they have slightly higher taxes? Is paying a slightly higher tax rate going to really effect them and their lifestyle? Or are some of them just being vindictive because they are upset about having to pay a slightly higher percentage .. this never made sense to me. Any thoughts?
It creates uncertainty.
But you see that's what I don't understand. First off, how would increased income taxes for the wealthy create uncertainty? Isn't business going to continue as usual?
When I am taxed more heavily, I just find new ways to make more money. In order to do this, I am going to have to preform better and as a result my company is going to have to grow .. last time I checked this means good things for stock holders .. am I missing something?
You don't understand, because you think that, "tax increases on the wealthy", are just tax increases on the wealthy. In reality, when taxes go up, taxes go up for everyone that pays taxes, including small businesses.
And people think that this redistribution has higher moral authenticity because it lives of to some ancient ideal of the Founding Fathers, but in fact the values and ambitions which inform the pro-Wall Street bunch have almost no resemblance to any thought or vision of the Founding Fathers, let alone the modern understanding of what a well administrated republic should be like.
Why would small businesses be a target .. that is counter-intuitive. Taxing them would only and do little for tax revenue. If any businesses were to be targeted it would make most sense for it to be the extremely large businesses/companies and corporations as there is more revenue to be acquired that way. I would suggest caution with taxing even the larger companies, as I can see how that would effect investors' decisions. However, it would effect their decisions much more on the smaller companies, so if companies had to be taxed, clearly it should be the larger less vulnerable ones. Somehow find it hard to believe that anyone with any knowledge of how the market works could not figure those concepts out .. therefore I am not sure how much merit your claim that all are taxed including companies and even small businesses.
The Democrats seem to be standing for the rights of the people, which generally means the majority of the people who are mostly employees and small business owners. This makes sense intuitively as they are standing up for the greater amount of people rather than those very few who own all of our countries wealth and need no more protection .. money is power and they have plenty of it. So again, I still don't understand why you think they would want to increase taxes on small businesses?
Иосиф Сталин;1059708935 said:Sorry, I did this the wrong way.
I'll be posting it right. Just give me a sec.
Which loopholes are you referring to?
I love it when I get to ask that question. :lamo
You always get the same answer. So either your short term memory is shot or you're a hack (take your pick). The marginal tax rate does go down at sufficiently high income when one can start claiming their income as "bonus" and "capital gaines" to gain lower tax rates on income. Not to mention tax shelters and a whole list of things given to the very rich to help them pay less.
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